{
  "id": 19664672,
  "title": "EIC Scaling Club companies raise €4B, outpacing European deeptech peers",
  "url": "https://urgent.news/2026/11/12/eic-scaling-club-companies-raise-4b-outpacing-european-deeptech-peers",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-12T14:55:16.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/11/12/eic-scaling-club-companies-raise-eur4b-outpacing-european-deeptech-peers/"
  },
  "original_language": "en",
  "account": "Since its inception in April 2024, the EIC Scaling Club has been supporting European deeptech companies, leading to a remarkable €4 billion in raised funding. A recent report reveals that these scaleups have attracted investment at a rate 2.3 times faster than their non-Club peers, measured against pre-Club funding levels. The portfolio, which comprises 120 companies across 26 European countries, comprises various critical technologies.\n\nThe report highlights that companies in New Space and Next-Gen Computing attracted the most funding, with €1.34 billion and €1.32 billion respectively. Renewable Energies followed with €589 million. Nine investment rounds exceeded €100 million, accounting for more than half of the total funding, with notable investments in Spanish quantum and AI company Multiverse Computing, Spanish space technology company PLD Space, and Netherlands-based AI computing company Axelera AI.\n\nPublicly, 80% of the funding came through investment rounds involving the EIC or another public co-investor. However, international investors also played a significant role, accounting for 18% of investor participations after companies joined the Club, climbing to 27% in larger funding rounds. Michiel Scheffer, President of the European Innovation Council Board, emphasized the importance of deeptech in society and Europe's competitiveness.\n\nBeyond funding, the report reveals that these companies have built 210 partnerships, including 67 commercial partnerships, 53 strategic alliances, and 40 research collaborations. Multiverse Computing, for instance, has used the Club's resources to participate in major technology events like CES and Mobile World Congress, expanding their network and gaining investor interest. The report also acknowledges the space for further growth, pointing out challenges such as access to growth capital and fragmented European markets, advocating for strengthening industrial demand, commercial partnerships, and public procurement to help these companies commercialize their technologies.",
  "summary": "European deeptech scaleups have raised more than €4 billion since joining the EIC Scaling Club, an EIC-funded initiative supporting promising European deeptech companies. According to a new report, th...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Construction Week Online",
        "title": "Top 12 project launches in October 2026: Nakheel, Qiddiya Investment Company, Aman Group, and more",
        "url": "https://urgent.news/2026/11/12/top-12-project-launches-in-october-2026-nakheel-qiddiya-investment",
        "published": "2026-11-12T07:39:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}